Don’t Put All Your Eggs in One Basket

Don’t bet the farm on one horse, and don’t have more than 10 percent of your net worth wrapped up in single stocks.RetroClipArt/Shutterstock

Dear Dave,

My employer offers an employee stock purchase plan at a 15 percent discount. I’m usually the kind of guy who buys stocks and holds on to them forever. But when it comes to an opportunity like this, should I buy it and wait for a year to sell it, or should I buy it and sell right away?